Posted by Aero1 > 2017-08-11 14:47 | Report Abuse

Defending government a defense to the counter?

Posted by beta_apha > 2017-08-14 16:39 | Report Abuse

can hold?sifu hng how? margin line sailing?i in the same boat neh

Posted by kelvin1 > 2017-08-14 17:01 | Report Abuse

sell...sell.....sell.....

Posted by CCV2013 > 2017-08-14 18:01 | Report Abuse

Today is a result of minor contra force selling at closing la! It is at 2 years low! I am waiting for a mega rebound now!

Posted by sniper123 > 2017-08-15 10:31 | Report Abuse

hng sifu, u cut loss oledi ka??? why so silent?? pls feedback.tq

Posted by bunuhsateman > 2017-08-15 11:44 | Report Abuse

PRESBHD is going to HOLAND soon... sell before too late !!!

Posted by hng33 > 2017-08-15 12:02 | Report Abuse

Add more prestariang at 1.64, average down cost

Posted by Huat Huat > 2017-08-15 12:45 | Report Abuse

GLC company... still got hope? like media prima.. where they channel the money to or from - easy money from government by giving contract without open tender?
You will never know until you findout your hard earn money gone without any business sense or traces. good luck..

Posted by 2016v > 2017-08-15 14:09 | Report Abuse

haven't seen sunlight since securing the concession
long gestation period for the sell down

Posted by apolloang > 2017-08-15 14:31 | Report Abuse

likely many retailers kena trapped after saw the company secure the billion dollar contract,bursa tipu retailers money

Posted by hng33 > 2017-08-15 14:52 | Report Abuse

Add last prestariang at 1.62, further average down cost

Posted by bunuhsateman > 2017-08-15 14:56 | Report Abuse

journey to the west..bye bye sayonara !!!

Posted by hng33 > 2017-08-15 14:59 | Report Abuse

Fundamentally, there is nothing adverse change except official received 3.5 billion long term concession.

Emotion tends to creep in to cloud our judgment. But, given time, anything goes down will come up again.

Posted by fong7 > 2017-08-15 17:35 | Report Abuse

this is a long term contract, profit can only come in 3 years later. And before that, the only thing is doing the work + getting some kind of loan to finance the project. "if" all goes well, the profit will double or triple after 3 years. Thing is, at current valuation of PE 85x, it clearly already priced in some of its profit capability 3 years in the future. So yes, to investors, this is the situation right now.

Posted by hng33 > 2017-08-16 09:33 | Report Abuse

SKIN will be a build, operate, maintain and transfer model and fund raising is through bond issuance with gov concession payout as backup. Therefore, investor need to understand on accounting IFRIC 12: Service Concession Arrangements which explains accounting treatment for concession biz.

Accounting 101: accruals concept means that revenue and costs are recognised as and when they are incurred, not when cash payment is received or paid. So my interpretation is revenue and costs should be recognised in the first 3 years when work is done, not when payment is received in the next 12 years while maintenance revenue will be recognised in the 12 years maintenance period. In other words, my take is that the development revenue for the build and deployment phase should be recognised by progress for the first 3 years while maintenance revenue will be recognised when maintenance works are carried out.


IT HAVE CONFIRM by both Prestaring president and group CEO Dr Abu Hasan Ismail himself and banker. Revenue for SKIN will be recognise revenue from SKIN starting from its financial year ending Dec 31, 2017 (FY17).


...Prestariang will only receive payment from the government (inclusive of all costs incurred during the development, and maintenance and technical operation phases) after three years when the services are fully rendered.

However, the company is expected to recognise revenue from SKIN starting from its financial year ending Dec 31, 2017 (FY17), and revenue from EduCloud, an integrated education platform to be built through a tie-up between Prestariang, Singapore’s Conversant Solutions Pte Ltd and Alibaba Cloud Computing Ltd from FY18 onwards.

“Under the accounting standards of IC Interpretation 12 (IC 12), revenue can be recognised during the construction phase. This is normal practice, as confirmed by our auditors,” Abu Hasan said.

AmInvestment Bank Bhd in a report said Prestariang could account for the revenue from SKIN under IC 12 — revenue that is derived by applying a markup margin to estimated costs for the year under review.

https://themalaysianreserve.com/2017/07/20/sukuk-finance-prestariangs-border-control-project/

Posted by Post1 > 2017-08-16 14:46 | Report Abuse

Start collect, target rm2++. 2nd Q report ada untung.

Posted by hng33 > 2017-08-16 14:49 | Report Abuse

Recovering :D)

Posted by Post1 > 2017-08-16 14:53 | Report Abuse

Fm big boss

Posted by zoomboom > 2017-08-16 15:15 | Report Abuse

TQ Post1 bro for sharing.

Posted by Post1 > 2017-08-16 15:26 | Report Abuse

Zoomboom, sama sama.

Posted by zoomboom > 2017-08-16 16:00 | Report Abuse

En. Brahmal masih pegang 5.79%...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5515193


hng33 bro "Emotion tends to creep in to cloud our judgment. "..... this is very true :-)
i have "learned" my patience during the earlier roller coaster ride (down to RM1.30)... sweaty palms i tell you LOL... but i bit the bullet and held on.. hehe, now, again testing our patience... :-) pasti ramai yang sudah goyang... dan left the bot...

Posted by zoomboom > 2017-08-16 16:01 | Report Abuse

Post1, target RM2++... itu jurang ++ ... 50sen ke atas atau ke bawah? TQ .. hehehe..

Posted by bunuhsateman > 2017-08-17 15:24 | Report Abuse

journey to the west..bye bye sayonara !!!

Posted by CCV2013 > 2017-08-17 17:52 | Report Abuse

It is quite solid supported today! Another mega rebound is on the way now! Don't miss this opportunity! Hng33 has explained well that income recognition will be kicked in Year 2017! As long as the project financing is secured and cashflow is properly planned, nothing can stop this counter to move to 2.5 to 3 level!

Posted by Ah Kow, Ali dan Muthu > 2017-08-18 13:35 | Report Abuse

At this moment, if it's asking shareholder more money for SKIN project.. i don't think it will have good future in the next 1 year.
En. Brahmal want to cash out, he is planning it rather than stuck for few years. Hope i am wrong. No offend and it's just no business case for this company.

Posted by kelvin1 > 2017-08-18 14:55 | Report Abuse

Hi, how you know Mr Brahmal want to cash out? can share share?

Posted by zoomboom > 2017-08-18 17:45 | Report Abuse

nemwee bro, i think that "fear" is already answered by big boss :

"He also allayed fears that the company will fund the project via a rights issue and private placement “as the process was lengthy and- complicated”."

https://themalaysianreserve.com/2017/07/20/sukuk-finance-prestariangs-border-control-project/

"The financing will consist of internally generated funds, term loans as well as from the capital market which may include sukuk, but he ruled out the a rights issue or a private placement, either of which will take longer time."

http://www.thesundaily.my/news/2017/07/19/funding-concerns-skin-job-weigh-prestariangs-share-price


so, if he keeps to his word, there should be no asking shareholder for more money...

Posted by bunuhsateman > 2017-08-22 12:10 | Report Abuse

journey to the west..bye bye sayonara !!!

Posted by CCV2013 > 2017-08-22 12:31 | Report Abuse

Down 1 sen also like this and keep saying journey to the west!! Like this how to play share la.

Posted by bunuhsateman > 2017-08-22 14:53 | Report Abuse

haha..not 1 sen bro, is almost 70sen from 2.38 drop to 1.70...

Posted by bunuhsateman > 2017-08-22 14:53 | Report Abuse

journey to the west..bye bye sayonara !!!

Posted by emil123456 > 2017-08-23 17:52 | Report Abuse

Waiting at below 1.60, keep for long term.

Posted by sharmanisa > 2017-08-24 10:24 | Report Abuse

Ready to the north!

Posted by fong7 > 2017-08-24 15:21 | Report Abuse

thanks for the info!
it would be a great news if it's true that the "future income" can start putting into the accounting as early as FY17.

Posted by kenteoh94 > 2017-08-24 18:13 | Report Abuse

Woah good result and dividend slightly increase. Congrats to you guys who still hold

Posted by LuckyG > 2017-08-24 19:17 | Report Abuse

nice nice nice

Posted by hng33 > 2017-08-25 09:07 | Report Abuse

sold prestariang at 1.80-1.81, lock paper profit, free up capital

Posted by hng33 > 2017-08-25 09:20 | Report Abuse

sold off all balance prestariang at 1.80, lock all paper profit, free up all capital

Posted by hng33 > 2017-08-25 09:21 | Report Abuse

swap all capital free up to jtiasa at 1.04

Posted by Flintstones > 2017-08-25 09:21 | Report Abuse

This is under my watchlist. In a financial crisis, this is one stock we should own. Defensive and certain earnings for next 10 yrs

Posted by Flintstones > 2017-08-25 09:23 | Report Abuse

Remember brahmal also entered at similar price

Posted by zoomboom > 2017-08-25 10:35 | Report Abuse

bagus.. bagus.. Quarter report yang meyakinkan...

steady. focused. patient.

Posted by CCV2013 > 2017-08-25 13:02 | Report Abuse

Hng33. The show just started! Mega push up will follow soon! Why r u leaving so early! This counter can easily reach 2.5 to 3. Please be patience and your reward will come soon!

Anyhow good luck! Hope to see you back soon!

Posted by hng33 > 2017-08-25 13:03 | Report Abuse

Good for Prestaraiang shareholder, i opt to lock all paper profit at 1.80-1.81 due to need to free up capital, swap to jtiasa at 1.04.

Posted by LuckyG > 2017-08-25 14:26 | Report Abuse

jokers ....


bunuhsateman PRESBHD is going to HOLAND soon... sell before too late !!!

Posted by CCV2013 > 2017-08-25 15:14 | Report Abuse

Bunuhsateman, where r u? R u going to the west and sayonara!

Frankly speaking, this counter will have mega profit reported on each quarter for the next 5- 7 years!

Absolutely amazing!!

Posted by bunuhsateman > 2017-09-05 09:05 | Report Abuse

journey to the west..bye bye sayonara !!!

Posted by shpg22 > 2017-09-06 14:03 | Report Abuse

Pure rubbish valuation by IB. If this stock can worth that much, HTPADU will be worth 8.00 instead of 0.74.

Posted by LuckyG > 2017-09-06 18:14 | Report Abuse

lolx 1.80 close .

Posted by Edwardong53 > 2017-09-06 23:59 | Report Abuse

PBBInvest has been recommending a "BUY" on this counter since May2017 when it was above 2.30. now it is just 1.80 .....